Registered number
11431400
Wigwood Estates Limited
Unaudited Filleted Accounts
30 June 2023
Wigwood Estates Limited
Registered number: 11431400
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 200,000 170,000
Current assets
Debtors 4 55 53
Cash at bank and in hand 3,132 1,429
3,187 1,482
Creditors: amounts falling due within one year 5 (4,650) (4,620)
Net current liabilities (1,463) (3,138)
Total assets less current liabilities 198,537 166,862
Creditors: amounts falling due after more than one year 6 (186,097) (183,812)
Net assets/(liabilities) 12,440 (16,950)
Capital and reserves
Called up share capital 100 100
Non-distributable reserve 8 30,000 -
Profit and loss account (17,660) (17,050)
Shareholders' funds 12,440 (16,950)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Carr
Director
Approved by the board on 15 March 2024
Wigwood Estates Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The company is reliant on the ongoing financial support of a major creditor, Wigwood Limited. Wigwood Limited, offers its continuing financial support, along with the directors who also have provided financial support to the company. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

Investment properties for which fair value can be measured realiably without undue cost or effort on an ongoing basis are measured at fair value annually with any charge recognised in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Accounting policies (cont'd)
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment property
£
Fair value
At 1 July 2022 170,000
Surplus on revaluation 30,000
At 30 June 2023 200,000
Depreciation
At 30 June 2023 -
Net book value
At 30 June 2023 200,000
At 30 June 2022 170,000
Investment properties were revalued as at 30 June 2023. This valuation was carried out by the directors based on market values for similar properties in the area.
The historic cost of the investment properties is £162,790.
4 Debtors 2023 2022
£ £
Other debtors 55 53
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 4,650 4,620
6 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to related party 58,597 56,312
Other creditors 127,500 127,500
186,097 183,812
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 127,500 127,500
Security given is the property as disclosed in these accounts.
8 Non-distributable reserve 2023 2022
£ £
Gain on revaluation of land and buildings 30,000 -
At 30 June 2023 30,000 -
9 Other information
Wigwood Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
15g Springfield Commercial Centre
Bagley Lane
Pudsey
West Yorkshire
LS28 5LY
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